Fin24

Zambia's central bank lifts policy rate

2012-10-31 20:06

Lusaka - Zambia’s central bank increased its benchmark interest rate by 25 basis points to 9.25% on Wednesday, saying its monetary policy committee had noted upward risks to inflation.

“The committee weighed the risks and was of the opinion that inflationary pressures during the policy-relevant period may pose a threat to the end-year inflation target of 7%,” it said in a statement.